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Research & Development Key to ICT Growth —Madu

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Engr, Peter Madu, chief executive officer of ACTI-Tech Limited is a thorough breed engineer in electrical electronics. Within his over 20 years working experience in engineering and computer, he has worked both at home and abroad in key computer companies. He spoke to chris alu in Abuja on industry issues as well as ACTI-Tech.

About ACTI-Tech
We are playing in the information technology space of the economy, but specifically we are very active in the Audio visual sector, computer networking be it Local Area Network (LAN) or Wide Area Network (WAN), also we are partner to Cisco as well as distributor to major information and communications technology manufacturer in Germany, Beyerdynamic.
More so, we provide security surveillance equipment to organizations as well, which includes access control and finger print. Through our partnership with them, we provide the most reliable and efficient electronic field unit that capture biometric information. At ACTI-Tech we render such other services like data, video and voice engineering.
Market strength
There is a large market here, compared to other countries in fact Nigeria is the highest consumer of ICT in the whole of Africa, you are looking at a country of 140 million people and if you talk about the active people that are expose to ICT it should be up to 40 to 60 percent of the population. People consume our products in the villages than anything else. And there is large market and demand for ICT products and most of it is untapped. This creates a business opportunity for organizations in expanding deployment of ICT products and services to the rural people, which will bring about total transformation of life in those areas. 
Quality of Audio Visual Network
The audio visual technology is essential product to the growth of ICT and most of the technology has not really penetrated into the Nigerian market, for the past 8 or 9 years, we have been involved in audio visual technology and partnering with Beyerdynamic. We have attend trade shows and exhibition in Germany them include the co-light and sound workshops which is actually focus on audio visual technology manufacturers and users. In Nigeria, it is not properly understood by many people, for instance who are the greatest users of this technology? It is the churches and Muslims. But very few of them know the important of audio visual technology which they used in carrying out their activities. About 90 percent of them patronize fake visual products which are cheap and make unnecessary noise, beside they use untrained hands that use these products.
Unfortunately, there is nobody of government that is regulating the use these substandard products. For example, in some of the churches it is common for one to find a hip of audio speakers some of them work for just one mouth and they pack up.
So, you see that nobody is actually regulating what is coming into the market, and even the noise they pollute in the air is nobodies business. This is as a result of fake visual and audio products, I hope if a body is created to over see what people are buying and what they stand to gain and the impact on the environment it will help to check the proliferation of substandard products.
The market is full of substandard product, which mostly we assume are coming from the far Asian countries, they are cheap but don’t last long and the adverse impact they create on the environment is great.
Security Surveillance equipment
You know, the security aspect of technology is an important issue, first of all, we don’t talk about security garget but what kind of design do you have for your company or organization’s protection from the beginning. The threat to life and property is always there, and the criminals are always modifying ways to beat both the people, police and the garget, one have to be up and doing and the key part of it is how do criminals beat seemingly installations or systems, then you can now talk about who is gathering the data or compelling them.
In UK for instance, once there is a security incident, the first thing they do is to carry out the data investigation collated by the surveillance team and find out why there was such incidence in the first place, and then go back to the garget to know weather the installations did not provide the necessary means to dictate the incident, from there they intensifies efforts of tightening the installations to make it easier for proper policing. For instance, I have a house with close circuit television (CCTV) installations that guide it for me to view movement of persons in and around it, l should also have a recorder, I should also ensure that there is constant power and of course the recorder shouldn’t be expose to public and then somebody comes in and breaks in, if he succeed in breaking in, the question is does the recorder able to capture the image of the person, if this is done they will be able to start investigations from there.
In essence, one need to have a good design system and reliable equipment that will be able to give accurate data and the image of the criminals, apart from that, they leave foot and finger print that can be traced even if it is ten years.
Another thing is that our police don’t have some of the equipment to read and study those data if at all you present such investigation materials to them, they are not in the picture of it, that is why at times government use to bring in expert from abroad to read foot prints and finger print and image of people that committed crime here in Nigeria.
Information and Communications Technology surveillance is one good thing that every body should embrace. Now we are talking about security doors, security poles and so on, take the case of the terrorist act that took place in London, how were they caught? Of course they would have succeeded in exploding the bomb, but for the security cameras and recording systems, which was not accessible to them. If they knew such things were on ground they would have accessed it and erase the pictures completely, but such cameras were very far away from were they operated, beside some cables were on street lights and even walls that nobody knew something like that was there, so the police were able to trace them through this electronic security surveillance and they were caught.
Surveillance in Nigeria 
We are also consultant; I think we are capable of installing such security equipment in major cities in the country if we are approached to do so. However, we still have to fall back to infrastructure, we don’t have the cable that can handle that now, for instance if we have cameras in our street we need constant power to operate them. Nonetheless, this can be provided through solar panel or generators to empower this camera and then lay fibre optics to the control room. There is also need for proper policing, so that you don’t wait until a crime is committed before talking action, you see, we still have a very long way to go, we need to have effective designed, and the technical manpower to handle the technology.
These technicians are trained to handle data inspection and collection for the day and how they are transmitted into folders and so on. Like I said, this is a holistic approach and the earlier we tackle them the better for us, because we are witnessing and hearing about pipe line vandal and kidnapping, and there is no way to trace them, is very dangerous to our country. These are what ICT helps to address in developed countries, but here we are very far behind because it is the only method that can be used to fight crime.
Computer Penetration in the Country
Computer business now is a very appreciable and fast growing business unlike the previous years, when people where scare about it, but now almost every body want to be computer literate, and more and more people are realizing that computer is very essentials to man kind. It makes things easier in every business transactions, in fact almost everything we do in life needs computer, like I said Nigeria is very fast in adopting the use of this system in all facets of our life, it is advancing and increasing every now and then. If we look at the case of laptop, I must say that there is a very large market here for laptop.
The use of computer fastened work capacity and make it easier and faster, a job that 20 persons can do in a day can take seconds for a computer to do it, and more perfectly than human labour. So there is a deep awareness and penetration of the use of computers in the country.
Consistent Innovations in the System    
The rapid changes only point to the productivity and the prolific nature of the research and development (R&D) of the manufacturers. Come to think about it, why are we not active in the productive aspect of the equipment? This is because; we don’t have any research and development going on anywhere in computer system. Beside, you can not continue with the same system on and on because the next manufacturer will bring some thing new and attractive that would draw consumers, just like in GSM handset product, cars, electronic and even houses or fashion. There must be new innovation meant to attract people to buy. So the changes show how much is done in the R and D department of the computer manufacturers or any other sector. In Europe greater percentage of their budget goes into these areas for modifications, they also partner with schools in this regard; you can not find any university that does not have a link with manufacturers of all the ICT products. The  manufacturing companies provide the funding for research going in such schools, in addition to what goes on in their own laboratories, and the outcome is that, one is finding new and better product coming out every time to satisfy end users.
We still have a long way to go because the research and development aspect is not there and is been neglected, our universities lack this research and to a large extend can not bring out something substantive for production. Even when they do the money is not there to support them. Manufactures are suppose to partner with schools, been the  engine of development of a country not only in computers but in all industries, so right now we are still at a zero stage in research and development.
Challenges in the Market
The challenges are many, especially here in Nigeria,  else where when you set up an  initiative, if it is good to the public, the banks comes in, or government itself supports you or partner with you, because you really can’t do any meaningful thing that would serve the public generally on your own without productive partnership. But here, it is different. Banks collect your money and just keep it without any investment and if they give you loan, they hasten to deduct their charges which do not help matters, and then interest rate is very high even if the loans are made available. The only people who can take such loan are people who are into buying and selling for quick turnover. The government also act as catalysts to development through implementing polices that encourage both small and medium player in the market, first of all they should provide you with tax holidays, and also the needed infrastructure so in return you are hiring labour to do the job, for that you are reducing unemployment. In taxation, the tax rates are uniformed both small and big enterprises pay the same amount as tax which is quite unfair. So the challenges are many, we can also talk about the debt issue, how frequent do you get you money as soon as the service are provided.

 


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Top Nigerian Startups Secure Funding Boost @ iHatch Demo Day Awards

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Nigeria’s startup ecosystem received a fresh injection of momentum as top emerging ventures secured funding and investor attention at the iHatch National Demo Day, where Interface Africa clinched the highest prize of $15,000.

The 4th cohort of the NITDA–JICA-backed accelerator brought together founders, policymakers, and venture stakeholders in Abuja, showcasing innovations ranging from clean-energy financing and digital food marketplaces to next-gen fintech tools.

The startups went rounds of running through state-level selections and regional competition. iHatch was established in 2021 as a strategic partnership to create an enabling environment for young Nigerians to develop and scale their innovative solutions.

The iHatch National Demo Day (4th Cohort), is an initiative by NITDA and JICA which provides a clear pathway for homegrown talent to contribute significantly to economic diversification and digital transformation.

After rigorous selection processes, the top founders converged to pitch their innovations, recognised the standout performers, which are:

Interface Africa with $15,000, the firm is driving Nigeria’s clean energy transition by enabling structured and affordable solar financing.

Ahioma with $12,000, the firm enhances food accessibility with a digital marketplace connecting consumers directly to trusted vendors.

Linia Finance with $10,000, the firm is helping Nigerians take control of their finances with tools for budgeting, tracking, and smart money planning.

Chapta got a laptop reward. They delivering an offline-capable school application ensuring consistent, accessible learning for students everywhere.

Softdrop also got a laptop reward, they solve logistics challenges through a modern delivery platform designed for speed, convenience, and efficiency.

 


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Fidelity Bank to Host Virtual Masterclass on New Tax Law

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Fidelity Bank Plc, a leading financial institution, will host a free virtual training on the Nigeria Tax Act 2025 (NTA) as part of its commitment to helping small businesses prepare for the upcoming legislation.

Fidelity Bank to Host Virtual Masterclass on New Tax Law

Fidelity Bank

The masterclass is scheduled for 10:00 AM (Nigerian time) on Friday, 12 December 2025. It will provide participants with clear insights into changes in the tax framework, the impact on income and business operations, and practical steps to avoid penalties in 2026.

Attendees will also learn strategies to stay ahead in an evolving regulatory environment.

The Nigerian government enacted major tax reforms on 26 June 2025 when President Bola Ahmed Tinubu signed four tax bills into law.

These Acts will take effect on 1 January 2026 and represent a significant overhaul of the country’s tax system.

The reforms aim to modernize and harmonize Nigeria’s tax framework, improve revenue generation, broaden the tax base, and create clearer rules for individuals, businesses, and government agencies.

“Our decision to host this masterclass reflects our commitment to empowering businesses with the right information ahead of the commencement of the new tax regime.

“Information is money and a well-informed business owner is already steps ahead in the race to success.

“This is why we are bringing experts to provide accurate details and demystify the tax act,” said Osita Ede, Divisional Head, Product Development, Fidelity Bank Plc.

Interested participants can register via https://bit.ly/2026TaxLawMasterclass .


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PalmPay MD Seeks Deeper Financial Inclusion @ CeBIH Annual Conference 2025

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L-r: Chika Reginald Nwosu, Managing Director, PalmPay; Tunde Ogundipe, Co-Founder & Chief Executive Officer, E-Doc Online; Emezino Afigbe, Head, Gender Center for Excellence, Enhancing Financial Innovation and Access (EFInA); Ronke Kuye, CeBIH Advisory Council; Dr. Badamasi Lawal, CEO National Social Investment Program; Uche Uzoebo, Chief Executive Officer, Shared Agent Network Expansion Facilities (SANEF); Dominic Wadongo, Chief Risk Officer, SmartCash Payment Service Bank, Nigeria, at the CeBIH Annual Conference recently.
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PalmPay, Nigeria’s leading digital banking platform, has renewed its commitment to deepening financial inclusion across the country. At the CeBIH Annual Conference 2025, themed “Reimagining Financial Inclusion through Cultural Shifts in Consumer Credit,” PalmPay’s Managing Director, Chika Nwosu, urged industry players to deepen financial inclusion by embracing community-aligned solutions and customer-centric innovations that can better serve Nigeria’s underserved and unbanked populations.

Speaking during a panel session titled “Social Inclusion, A Veritable Tool for Financial Inclusion,” Chika Nwosu joined other industry leaders to share insights on strengthening participation among women, rural dwellers, low-income earners, and other financially excluded groups.

Chika Nwosu highlighted PalmPay’s commitment to inclusive finance through its 500,000-strong agent network, which enables seamless cash-in/cash-out services for unbanked users across Nigeria. He also emphasised the importance of PalmPay’s USSD platform, 861#, which allows users with basic phones or limited internet access to perform essential financial transactions.

“Financial inclusion goes beyond access; it must be equitable and tailored to real-life needs,” Chika Nwosu said. He shared how PalmPay leverages behavioural insights to design impactful services, including affordable health insurance, reliable bill payments, merchant solutions, and automated savings features that support financial discipline among users.

The session further examined the role of grassroots agents and community touchpoints in driving last-mile adoption. Chika Nwosu noted that PalmPay’s widespread community presence continues to build trust and encourage excluded populations to embrace digital financial tools.

The session was moderated by Ronke Kuye of the CeBIH Advisory Council and featured representatives from E-Doc Online, SmartCash Payment Service Bank, SANEF, and EFINA.

PalmPay reaffirmed its commitment to driving accessible, secure, and inclusive financial services for all Nigerians. PalmPay is a leading digital banking platform driving financial inclusion and economic empowerment in underserved emerging markets. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay empowers individuals and businesses with tools to manage and grow their money.

PalmPay offers a comprehensive range of products, including mobile payments, savings, and micro-insurance via its app and mobile money agent network.

Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to over 35 million app users. PalmPay has operations in Nigeria, Ghana, Tanzania, and Bangladesh.


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